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To determine the cost of producing each job or job lot, companies use a:
O cost and profit accounting system.
O job order costing system.
O process costing system.
O general ledger cost accounting system.

Sagot :

For measuring the cost of generating each job or the job lot, the companies use the job order costing system.

The following information related to the job order costing system is:

  • It occurs at the time when the customer makes small order, unique product batches.
  • The price of each and every product should be measured.
  • Also, the cost of each & every product should be reasonably sufficient for the customer to buy it

Therefore the other options are incorrect.

Hence, we can conclude that for measuring the cost of generating each job or the job lot, the companies use the job order costing system.

Learn more about the job here: brainly.com/question/10730523

anthougo

To determine the cost of producing each job or job lot, companies use a B. job order costing system.

What is a job order costing system?

A job order costing system is a costing method that determines the cost of manufacturing each product or job separately.

The circumstances that favor the use of the job order costing system include:

  • Production includes a variety of different and customized products.
  • There is a need to calculate the cost of producing an individual job.
  • Production must match the customer's order and not for stocking for sale.
  • The costs are accumulated for each job separately.
  • A job is performed according to the customer's specifications.

Thus, to determine the cost of producing each job or job lot, companies do not use a cost and profit accounting system, process costing system, or general ledger costing accounting system, but they use a job order costing system.

Learn more about job order costing system at https://brainly.com/question/24277455

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